Echecopar on corporate bond programme of Arauco Holding Perú
Estudio Echecopar, associated with Baker & McKenzie International, has advised Arauco Holding Perú, as issuer, on the structuring of a private corporate bond programme for an amount of PEN 400 million.
The first senior unsecured issuance, for a total of PEN 150 million (approximately USD $40 million) maturing in 2039, was three times the amount offered and achieved an interest rate of VAC plus 3.53%.
The proceeds will be used to refinance the issuer’s existing debt, finance its commercial operations, as well as other general corporate uses.
Echecopar’s team consisted of partner Alonso Miranda (pictured left) and associates Ana Paula Saavedra (pictured right) and Adrián Tovar (pictured centre).
